US-Iran Ceasefire Breakthrough: The US and Iran confirmed a memorandum of understanding to end their war and set a Geneva signing on June 19, with both sides claiming wins while the text stays unpublished and key terms remain disputed. Strait of Hormuz Fight Over Fees: Washington says Hormuz will reopen “toll-free,” but Iran says ships may still pay service fees, keeping legal and practical uncertainty alive for shipping and oil markets. Lebanon Clause Sparks Crisis: Iran’s FM Abbas Araghchi says the deal requires Israel to withdraw from Lebanon and that any further Israeli attacks or continued occupation would violate the MoU, while Israel insists it will keep forces in a buffer zone “as long as necessary.” Next Talks in Switzerland: Iran says a new round of negotiations starts Friday, with a 60-day phase aimed at nuclear issues and sanctions relief. Regional Diplomacy: South Korea has begun consultations with the US and Iran on Hormuz navigation after vessels were stranded. Markets React: Stocks rose and oil fell sharply on hopes of reopening, even as doubts about implementation linger. Israel-US Political Fallout: Israeli officials and commentators warn Netanyahu may face domestic backlash and US pressure over Lebanon despite the agreement. Pakistan’s Mediation Role: Pakistan’s parliament and leaders praised the breakthrough and highlighted Islamabad’s role in bringing the sides together. World Cup as Political Stage: Iran’s World Cup opener against New Zealand drew protests, anthem boos, and controversy around a player’s “gun” celebration—playing out alongside the diplomatic shift.